Binance plans to release a new product
The exchange Binance announced the launch of a new series of cryptocurrency indexes Binance CoinMarketCap (CMC) Index Series. This is a publication from community CryptoDeFix. According to the developers, the indexes will be aimed at increasing user activity as part of tracking and evaluating the performance of the cryptocurrency market.
The indexes will be based on data from the CoinMarketCap analytics platform. In the first wave, the Binance CoinMarketCap (CMC) TOP 10 index will be launched, based on the performance of the first 10 cryptocurrencies by capitalization. Assets in the index will have their own weight and will be rebalanced on a monthly basis.
Starting in November, the index product line will be available in the Auto-Invest feature of the Binance Earn section. This will allow users to purchase a ready-made diversified portfolio of various digital assets in one click. Other indexes based on DeFi, GameFi and other crypto industries will be created in the future.